简体中文
ภาษาไทย
繁體中文
Indonesia
USOil: Shock Retracement
2023-02-28
470
Fundamental analysis:
Crude oil remained volatile around 75.742, as Russia plans to cut oil exports from western ports by up to 25% in March, exceeding its announced plan to cut production by 500,000 barrels per day. The market is worried that Russia will cut production beyond the plan.
Crude oil USOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: short-term short-term shocks and retracements, the market's short-term sentiment continues, and the short-term trend continues to move downward. The MACD indicator is hovering below the 0 axis, and the RSI indicator is below the 50 balance line.
Long-short turning point: 75.898
Suppression: 76.337, 76.739
Support: 75.350, 74.972
Trading strategy: bearish below 75.898, target 75.350, 74.972
Alternative strategy: call above 75.898, target 76.337, 76.739
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
